Game plan: summary of Cramer’s “Mad Money” (Friday 05/29/20)


Without additional stimulus, investors must stick to security, Jim Cramer told his Mad Money viewers on Friday. Cramer’s trading game plan for next week was all based on Friday’s non-farm payroll numbers, which is why he also told viewers to leave room in their wallets for some recession stocks.

The game plan begins on Monday when Cramer expects retaliation from China against President Trump’s harsh remarks on Friday. Cramer said he thinks it is not the right time to escalate the trade war and that it could have more significant impacts on the economy than in previous cycles, fought when the economy was strong and unemployment was low.

Then on Tuesday we get income from Zoom Video ((ZM) – Get a report and CrowdStrike ((CRWD) – Get a report, two glowing stocks that thrive in our home economy. Wednesday sees another quarantine stock, Campbell Soup Co. ((CPB) – Get a report. Cramer wants to know if the hoarding phase is over or if this recession stock will continue to increase.

Most of the winnings come Thursday when we hear JM Smucker ((SJM) – Get a report, Broadcom ((AVGO) – Get a report, Gap Stores ((GPS) – Get a report, Soft ((JOB) – Get a report and DocuSign ((DOCU) – Get a report. Cramer was a fan of all of these names, with the exception of Gap Stores. He said investors simply shouldn’t own second-rate retailers.

But the big event is Friday when we learn about the non-farm payrolls for May. Cramer said there will be huge job losses that will cement investors’ hearts on how bad the coming recession will be.


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